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    15 SE Seminole St Stuart, FL 34994

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    15 SE Seminole St Stuart, FL 34994


    • Apartment buildings
    • 12,622 SF
    • 0.52 lot acres
    Downtown Stuart Riverfront Development Opportunity For Sale
    $5,995,000
    12,622 SF

    Downtown Stuart Riverfront Development Opportunity

    Rare riverfront property in downtown Stuart with redevelopment potential.

    15 SE Seminole Street, Stuart, FL 34994
    View Listing
    Property ID
    US18-4504983
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    4.1%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Riverview Apartments / Apartment Building

    Property Details for 15 SE Seminole St

    Year built
    1913
    Construction
    FRAME
    Lot size
    0.52 lot acres
    Property size
    12,622 SF
    Property type
    Apartment buildings
    APN
    04-38-41-015-001-00061-3
    APU
    43841015001000613

    Description

    This exceptional 0.5167-acre property in downtown Stuart, Florida, presents a rare redevelopment opportunity. Located at 15 SE Seminole Street, 34994, this waterfront gem boasts Urban Waterfront zoning (CBD), allowing for diverse uses including residential (up to 30 units per acre), retail, restaurant, and office space. The existing three-story building, constructed in 1913, comprises 12,622 square feet and currently features 25 multifamily units, offering potential for short-term rentals or conversion into larger suites. Recent improvements (2022/2023) include a new metal roof, restuccoing, and repainting. The property includes an estimated 240-foot dock and a large on-site parking lot. The site's prime location offers direct riverfront views and walkability to downtown amenities. This unique property presents significant value-add potential, with the possibility of developing up to 15 luxury townhomes or condos, each with private garages, docks, and rooftop decks overlooking the river. The property's historical appeal and flexible zoning make it an ideal investment for discerning developers seeking a high-scale waterfront project in a thriving downtown location.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $3,750,000
      ML approach
      $3,750,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $2,570,000
      6.5%
      $2,370,000
      7%
      $2,200,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,644,000
      Market price range: $831k - $3.75M
    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,985,000
      Current use

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.2524
    Latitude
    27.1997
    CBSA code
    38940
    CBSA name
    PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $77,360
    $1,350,420
    $2,859,720
    $4,210,140
    -
    $1,350,420
    $2,859,720
    $4,210,140
    View Listing
    More about this property
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